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EPC Edgewell Personal Care Company

37.82
-0.15 (-0.40%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Edgewell Personal Care Company NYSE:EPC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -0.40% 37.82 38.40 37.67 38.29 237,417 01:00:00

Procter & Gamble Sues Edgewell for Patent Infringement

23/08/2016 6:15pm

Dow Jones News


Edgewell Personal Care (NYSE:EPC)
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By Joshua Jamerson 

Procter & Gamble Co. on Tuesday said it has sued smaller rival Edgewell Personal Care Co. for patent infringement and said the company made misleading claims against P&G's Gillette subsidiary.

The consumer-goods giant said the lawsuit, filed in the U.S. District Court in the Southern District of New York, focuses on Edgewell's three-bladed private-label razors. In addition to patent infringement, the complaint also accuses Edgewell of false advertising, unfair competition and deceptive acts and practices.

A representative for Edgewell couldn't immediately reached for comment.

"When a competitor makes false and misleading claims against one of our products and infringes our patents, it's unfair to consumers, and to our employees and shareholders," said Procter & Gamble's chief legal officer.

Edgewell sells Schick brand razors and Edge shave gels. Gillette -- which makes razors under the Mach3 brand , among others -- is a wholly owned subsidiary of Procter & Gamble.

Edgewell stock declined 1.2% to $77.10 in midday trading. Shares of P&G edged up 0.6% to $87.40.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

 

(END) Dow Jones Newswires

August 23, 2016 13:00 ET (17:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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